Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area
With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC research.
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Multichain team cannot locate CEO, halts service for affected chains
Cross-chain services are suspended for Kekchain, Public Mint, DynoChain, Redlight Chain, Dexit, Ekta, HPB, Onus, Omax, Findora and Planq.
Chinese officials issue warning about AI and national security
Leaders in Beijing have stressed the need for “dedicated efforts” to protect national security and improve the security governance of artificial intelligence.
China Will Dominate Global Digital Finance Warns Coinbase CEO
In an opinion piece on May 30, the Coinbase CEO wrote that recent crypto industry turbulence “might make it tempting for policymakers to write it off as an unstable asset…
CNHC stablecoin issuer detained by Chinese police: Report
KuCoin Ventures and Circle Ventures are among the investors in the Chinese offshore yuan-pegged stablecoin, which is reportedly under investigation in China.
Beijning Will Invest at Least $14M Per Year to Strengthen Web3 Foothold
China seems to be opening up to some parts of the industry. Despite its hard stance on trading and owning cryptocurrencies like Bitcoin and Ethereum, the country is pushing for…
Beijing releases white paper for Web3 innovation and development
The release of the white paper coincides with new digital asset regulations in Hong Kong, raising further interest in China’s stance toward the crypto industry.
Why have Bitcoin and crypto lost 60% of their market cap since their all-time highs?
Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has lost 60% of its market cap, with the S&P 500 only about 15% from its all-time high.
Chinese city launches gov’t-backed metaverse platform
The platform aims to consolidate the resources of academic institutions and enterprises in China, and bolster research efforts in areas related to the metaverse.
China state-owned Greenland to apply for Hong Kong virtual asset trading license
The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says.
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